Added Density Is a Disease, Munger Place Homes Lost 30% Of Their Value Over 70 Years 

The future of the city of Dallas is based on the strength of its neighborhoods. People visiting Dallas always remark how clean the neighborhoods are and how many trees they have. Munger Place was developed as the most prestigious neighborhood in Dallas with architecturally significant homes and architectural deed restrictions. When gentle density and apartment zoning was added to the older Dallas neighborhoods, Munger Place plummeted in value and became the worst neighborhood in the city. When Munger Place and the surrounding neighborhoods of Peak Suburban and Junius Heights, then filled with apartments and rent houses, was rezoned single family, they began to have a steady climb back to a stable neighborhood. The neighborhood property values here rose one billion dollars over the next 45 years. Douglas Newby began his real estate career in Munger Place specializing in architecturally significant homes. He continues to specialize in architecturally significant homes in the neighborhoods of Highland Park, Preston Hollow, Turtle Creek, Volk Estates and other finest Dallas neighborhoods.
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